Graphics
NVIDIA "WHY NVIDIA DOES SO WELL"Most people that don't own a computer that includes an NVIDIA graphics processor will not know the core reason for why NVIDIA as a company is doing so well. NVIDIA updates their more current lineup of graphics processors on a regular basis the same way Microsoft has updated their systems with finite tweaks. Each month Nvidia updates and upgrades their processors and usually multiple updates are available each month. These updates come as the new games and technology are released. Nvidia releases updates to keep their technology on user computers in trend with the on-going releases of computer games. Without the constant care and finicky attention to detail by the company for the sake of their computer users the stock would not perform as well as it does. By keeping committed to the value of investing their interests in keeping the computers users own up-to-date this creates a strong bond between customer and business that leads to the relationship of customers to trust NVIDIA more than other companies. In the past graphics slowly went outdated and eventually computers underperformed. Now with NVIDIA always updating their graphics the same way microsoft updates their operating system the owner of the computer with installed NVIDIA graphics can maintain a connection between the latest technology updates and their computer without always the need to buy a new computer every year to update the main components of the computer that become outdated.
AMD flag formationThe US markets have taken a beating over the last few weeks but as sellers start to reside we could see some short term recoveries across the market on some strong players.
Im watching AMD closely with this flag formation, not ruling out a drop back further yet before a bounce but the market structure is set for a continuation
Fib levels from the last bullish rally are being respected so targeting the 1.272 extension of around 130+ over coming months
NVDA - Crypto junky in Search of a hit!I remember when I got a 16mb Voodoo graphics card when I was 10-12. Best card I ever had. Played Diablo 1 and Warcraft 3 for days. Nvidia is a good company, but really their recent growth worth mentioning is crypto. Now that Btc price is picking up, it is no guarantee for Nvidia. Lots of Alt coins were mined last year and a boat load of cards are sitting around collecting dust. Heck to buy a 1080ti is big money still! Even used!!! Yet it doesn't reflect in sales. The whole semi market is growth slowing and the chart reflects it. I wouldn't short yet, as we get closer to earning report. This is going to be an ugly Q2 earnings season this summer. Like when you wake up from a drunken stooper and you dragged some mammoth home from the bar and the makeup is all over your second pillow.
BLACK FRIDAY SALE - NVDA 50% off recent 290 highNVDA AMD AXTI MU INTC STM
STM is up off low yesterday and NVDI as leading graphics processor for AI with AMD is 50% off recent high. GPU's are a key component for AI, or artificial intelligence and visual learning.
Big data is the other that goes with it, along with blockchain and cybersecurity and code software.
CYBR MIME RPD
PANW MDB
Graphic Packaging Holding Company - $GPK - Quick Dip SwingWatching $GPK for significant increase after the $0.02 ER miss. I'm considering the dip qualified since it holds far below the 255 day linear regression 1x stddev bar.
Their Revenue was in-line and the miss on earnings was rather small. I'm looking for a push up to at least my Price Target of $14.80.
I purchased $15 6/15 calls on 5/14 and expect to sell at my PT.
I don't expect major catalysts / news from these guys, I'm just looking to swoop this dip with a little bit of leverage.
Six Month Cycle Ending? Take the $250 ProfitsAs strong and loved as the Nvidia name is, it's been caught in a familiar range all year. While everyone wants to boost the price target around $280-300, it's barely been able to crack $250 even during positive sentiment and momentum. The advantages Nvidia has don't need repeating, nor do its merits and prospects. It's an expensive stock and has always traded high because of how "future proof" it's supposed to be.
With another earnings call coming, I don't doubt that it will get a large bump prior to, but it will have to give some incredible numbers yet AGAIN and give insane forward guidance in order to try climbing back up in its previously, unstoppable manner. The range its trapped in is similar to one seen before and trend lines indicate that it will probably stay there, even though it climbs up and down relatively quickly.
I wouldn't expect Nvidia to be a blowout name this year like it was last year, but it will be stable even with all the volatility seen this year. It will be good to trade on any overall market weakness and its new upper price should be noted a week or so after its next call. I give Nvidia a PT of $260 for the foreseeable future and I'd trade it with that ceiling in mind. Don't be greedy with it and take the gains that have been hit consistently at the $250 level. It will take a very, VERY positive and stable market and crazy numbers to really push Nvidia like it was last year. People are more aware now of what is and isn't realistic, especially with a downgraded crypto market, slow product updates and a volatile self-driving auto atmosphere.